Economic diversification is certainly a key component to reach sustainable economic development. Diversification is very important for both Hong Kong and Ma ... ( read original story ...)
Lam Gives Support to Electoral Changes in Hong Kong
Hong Kong leader Carrie Lam is giving her clear support to electoral changes in the city after a top Beijing official signaled major changes to ensure it is run by “patriots.”. ( read original story ...)
Hong Kong’s Carrie Lam defends China’s plans to ensure ‘patriots’ lead city
Hong Kong's Chief Executive Carrie Lam endorsed plans by Beijing to ensure "patriots" rule the city, saying on Tuesday they were needed to stop hatred of China. ( read original story ...)
HSBC ramps up Asia pivot as pandemic hammers profits
HSBC on Tuesday vowed to accelerate its Asia pivot despite spiralling tensions between China and the West after it reported a 30% plunge in profits for 2020 caused by the coronavirus pandemic. ( read original story ...)
Hong Kong stocks lead rally in Asia as traders bet to old-economy firms on reflation outlook, HSBC extends win
Hong Kong stocks are leading a rally in Asian markets as traders bet on old-economy favourites amid outlook for faster rebound in growth, and sell recent tech winners. HSBC jumps on dividend hopes. ( read original story ...)
HSBC profit down 30 percent, resumes dividend
HSBC makes 90 percent of its profit in Asia, with China and Hong Kong being the major drivers of growth. As a result, it has found itself more vulnerable than most to the crossfire caused by the ... ( read original story ...)
Hong Kong budget: more than 250,000 jobless workers to be offered 1 per cent interest loans in unprecedented measure
Unemployed Hongkongers will be offered low-interest bank loans – capped at HK$80,000 – under an unprecedented budget measure targeting more than 250,000 jobless workers, the Post has learned. Mo-po ... ( read original story ...)
What Would Colonel Sanders Say? Tea Eggs, Economic Rebound Help To Feed Growth At Yum China
Morgan Stanley predicts China's GDP will grow as much as 9% this year compared with 2.3% in 2020, helping consumer spending. ( read original story ...)
Coronavirus: more than 40,000 sign up for vaccine, as Hong Kong leader applauds public’s sense of urgency
System issues at launch include some members of public being able to take early slots reserved for priority residents. ( read original story ...)
China Must Reform Hong Kong Election Rules, Carrie Lam Says
Hong Kong’s leader said it is “crystal clear” that Beijing needs to reform the financial hub’s electoral system, just a day after China’s top official for the city signaled major changes were coming. ( read original story ...)
Hong Kong’s Lam defends China’s plans to ensure loyalists lead city
Hong Kong's Chief Executive Carrie Lam endorsed plans by Beijing to ensure "patriots" rule the city, saying on Tuesday they were needed to stop hatred of China and sustain the 'one country, two ... ( read original story ...)
Hong Kong’s Record Budget Deficit Limits Room for Stimulus
Hong Kong is heading for a record budget deficit, leaving little room for the kind of cash handouts and stimulus Financial Secretary Paul Chan doled out in 2020 during the coronavirus outbreak. Chan ... ( read original story ...)
Hong Kong Homes Ranked World’s Least Affordable for 11th Year
Hong Kong remained the world’s least affordable housing market for the 11th year, underscoring the income disparity in the financial city. ( read original story ...)
Hong Kong leader gets China’s Sinovac vaccine to bolster public confidence
Hong Kong’s leader Carrie Lam received China’s Sinovac vaccine on Monday together with top officials at a live televised event to bolster public confidence ahead of the vaccine’s rollout in the global ... ( read original story ...)